alanmasters

The S&P 500 Index, No More Politics

SPCFD:SPX   S&P 500 Index
We looked at the S&P 500 Index (SPX) and also took into consideration its potential effect on politics and vice versa... (see related ideas below this post)

Our support has been taken out and the day started red...
Let's have a look at the SPX chart and see what it has to say.


Chart Analysis | SPX Daily (D) @AlanMasters

We now have full bearish indicators for the SPX .

The MACD easily moved below zero and gaining bearish momentum.

The RSI is now below 40 looking weak and with room for more low.

Prices closed below EMA50 easily and the lower trendline is being tested as support.

According to all the chart signals, the SPX is bearish and continue to drop .

We also looked at the Dow Jones (DJI)

And FTSE100 (UKX)

Namaste.
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades
https://alanmasterstrades.com

πŸ”ΈSpecial offers & FREE trades on...
➑️ Telegram https://t.me/AMTrades

πŸŸ₯ Alan Masters Crypto
🌟 Binance Calls
πŸ”Ή LEVERAGED TRADES

πŸ’¬ CHAT http://alanmasters.chat

Comments

Not sure but looks quite oversold here, high chance it will bounce to at least 3330 by end of day. Any thoughts?
+3 Reply
alanmasters poister198
@poister198, It is possible but there is resistance to face.
Reply
It will pop up today by a percent or two before it continues the retest of the March low over the next month.
+2 Reply
alanmasters jeffreyedney
@jeffreyedney, Exactly... I am of the same view right now.
Reply
Appreciate your work!
+1 Reply
alanmasters plancton0618
@plancton0618, Thanks a lot for the support. πŸ˜ŠπŸ™πŸΌ

Namaste.
Reply
Great work
Reply
Thanks for sharing mate!
Reply
Big red candle on a Monday morning... Someone told me the big red was coming I think ;)

Down 1% at the moment ALREADY, think we'll be seeing freefall here?
Reply
alanmasters reggiogeorge
@reggiogeorge, Likely... It is what we are seeing but the feds can jump in anytime with massive buying before election day.
+3 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out